The Securities and Exchange Commission of Pakistan (SECP) is setting up its Company Registration Office (CRO) in Gilgit-Baltistan. The government of Gilgit-Baltistan (GB) and the federal government have already granted their approval to it. The SECP believes that the opening of CRO in Gilgit-Baltistan will facilitate the local business community, as well as all the business entities that are at present operating in Gilgit-Baltistan and will encourage business activities in the region.
Furthermore, the Gilgit-Baltistan CRO will also help the local business community to benefit from the e-Services facility introduced by the SECP in 2008. The SECP is committed to increasing corporatisation and documentation of economy besides expanding the outreach of the capital market across the country.-PR